Customs Identifies 223 Defaulting Companies In TAP Regime. , Issues 21-Day Grace Period

The Nigeria Customs Service (NCS) has issued a 21-day grace period, effective from Monday, 28th July 2025, to importers who have defaulted on the terms of their Temporary Admission Permits (TAP).

Service also revealed that 223 companies have failed to adhere to the conditions of the TAP regime.

According to a statement by the National Public Relations Officer of the service
Assistant Comptroller of Customs, Abdullahi Maiwada on Friday, the affected importers are advised to take immediate steps to regularise their importation status by either applying for a valid extension, re-exporting the items under Customs supervision, or converting the goods to home use, subject to the payment of appropriate duties.

Maiwada noted that It is pertinent to note that temporary Importation is a regulated concession under international and national customs frameworks, including the Revised Kyoto Convention (RKC) and Sections 142 to 144 of the Nigeria Customs Service Act,
2023.

He stated that It allows the temporary admission of goods into the country without full duty payment, provided such goods are re-exported within a specified period without
alteration beyond normal depreciation.

” However, recent compliance checks by the Service revealed that 223 companies have failed to adhere to the conditions of the TAP regime. These defaults amount to a total bond value of ₦379,576,045,802.27 (Three hundred and seventynine billion, five hundred and seventy-six million, forty-five thousand, eight hundred and two naira, twenty-seven kobo).
These importers neither re-exported the goods nor fulfilled their obligation to
convert them to home use by paying the necessary duties.

Maiwada noted that by law, all TAP beneficiaries are required to secure their duty exemption with bank bonds, which serve as financial guarantees in case of non-compliance, Adding that typically, TAPs are granted for 12 months, extendable by another year, and under special consideration, a further extension of six months plus a final six-month grace period.

He pointed out that failure to comply after these periods constitutes a breach.

Similarly, in line with Section 143 of the NCS Act 2023, the spokesman said the Nigeria Customs Service is empowered to discharge the bond value as customs duty into the Federal Government’s account if the importer fails to meet the stated obligations, pointing out that the 21-day grace period, therefore, serves as a final window for affected importers to take corrective action.

“At the expiration of this deadline, the Service will commence enforcement actions, which may include bond invocation, imposition of penalties, and legal proceedings.”, he noted

Continuing, the image maker stressed that the Nigeria Customs Service, under the leadership of Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR, remains fully committed to enforcing regulatory compliance, protecting national revenue, and maintaining the integrity of the TIP framework. Stakeholders and the trading public are advised to take advantage of this grace period and avoid actions that could result in sanctions.